Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to NEPAL

Data collected on: Feb 01, 2024-Feb 23, 2024
MYR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (MYR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.93
1.27
Percentage difference between market reference rate 27.70 and exchange rate charged 27.35
1.27
3.243.24
19.766.48
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.28
1.00
Percentage difference between market reference rate 27.73 and exchange rate charged 27.45
1.00
2.642.64
16.105.28
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.93
0.83
Percentage difference between market reference rate 27.73 and exchange rate charged 27.50
0.83
2.802.80
17.085.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.93
0.83
Percentage difference between market reference rate 27.73 and exchange rate charged 27.50
0.83
2.802.80
17.085.60
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
1.33
Percentage difference between market reference rate 27.77 and exchange rate charged 27.40
1.33
2.972.97
18.125.94
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.002.62
0.89
Percentage difference between market reference rate 27.70 and exchange rate charged 27.45
0.89
2.202.20
13.424.40
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.002.62
0.89
Percentage difference between market reference rate 27.70 and exchange rate charged 27.45
0.89
2.202.20
13.424.40
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
10.003.28
0.77
Percentage difference between market reference rate 28.07 and exchange rate charged 27.85
0.77
2.412.41
14.704.82
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8.002.62
0.77
Percentage difference between market reference rate 28.07 and exchange rate charged 27.85
0.77
2.082.08
12.694.16
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8.002.62
0.89
Percentage difference between market reference rate 27.70 and exchange rate charged 27.45
0.89
2.202.20
13.424.40
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Low
8.002.62
0.89
Percentage difference between market reference rate 27.70 and exchange rate charged 27.45
0.89
2.202.20
13.424.40
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.003.93
0.47
Percentage difference between market reference rate 27.65 and exchange rate charged 27.52
0.47
2.442.44
14.884.88
Valyou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.93
0.75
Percentage difference between market reference rate 27.71 and exchange rate charged 27.50
0.75
2.722.72
16.595.44
Valyou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
12.003.93
0.75
Percentage difference between market reference rate 27.71 and exchange rate charged 27.50
0.75
2.722.72
16.595.44
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
5.001.64
0.82
Percentage difference between market reference rate 27.76 and exchange rate charged 27.54
0.82
1.641.64
10.003.28
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.001.64
1.52
Percentage difference between market reference rate 27.76 and exchange rate charged 27.34
1.52
2.342.34
14.274.68
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
18.816.17
0.03
Percentage difference between market reference rate 27.75 and exchange rate charged 27.74
0.03
3.113.11
18.976.22
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.001.64
1.55
Percentage difference between market reference rate 27.78 and exchange rate charged 27.35
1.55
2.372.37
14.464.74
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.64
1.55
Percentage difference between market reference rate 27.78 and exchange rate charged 27.35
1.55
2.372.37
14.464.74
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
1.15
Percentage difference between market reference rate 27.78 and exchange rate charged 27.46
1.15
1.151.15
7.022.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.001.64
1.55
Percentage difference between market reference rate 27.78 and exchange rate charged 27.35
1.55
2.372.37
14.464.74
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.64
1.55
Percentage difference between market reference rate 27.78 and exchange rate charged 27.35
1.55
2.372.37
14.464.74
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
1.15
Percentage difference between market reference rate 27.78 and exchange rate charged 27.46
1.15
1.151.15
7.022.30
Total Average First Quarter
2.372.37
Total Average Fourth Quarter 2023
2.482.48
Total Average
Fee
8.302.72
Exchange Rate Margin (%)
1.011.01
Total Cost Percent (%)
2.372.37
Total Cost (MYR) Total Cost (USD)
14.454.74
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.92
1.27
Percentage difference between market reference rate 27.70 and exchange rate charged 27.35
1.27
2.052.05
31.3710.25
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.27
1.00
Percentage difference between market reference rate 27.73 and exchange rate charged 27.45
1.00
1.651.65
25.258.25
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.92
0.83
Percentage difference between market reference rate 27.73 and exchange rate charged 27.50
0.83
1.611.61
24.638.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.92
0.83
Percentage difference between market reference rate 27.73 and exchange rate charged 27.50
0.83
1.611.61
24.638.05
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
1.33
Percentage difference between market reference rate 27.77 and exchange rate charged 27.40
1.33
1.981.98
30.299.90
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.002.61
0.89
Percentage difference between market reference rate 27.70 and exchange rate charged 27.45
0.89
1.411.41
21.577.05
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.002.61
0.89
Percentage difference between market reference rate 27.70 and exchange rate charged 27.45
0.89
1.411.41
21.577.05
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
10.003.27
0.77
Percentage difference between market reference rate 28.07 and exchange rate charged 27.85
0.77
1.421.42
21.737.10
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.003.92
0.77
Percentage difference between market reference rate 28.07 and exchange rate charged 27.85
0.77
1.551.55
23.727.75
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
8.002.61
0.89
Percentage difference between market reference rate 27.70 and exchange rate charged 27.45
0.89
1.411.41
21.577.05
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Low
8.002.61
0.89
Percentage difference between market reference rate 27.70 and exchange rate charged 27.45
0.89
1.411.41
21.577.05
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.003.92
0.47
Percentage difference between market reference rate 27.65 and exchange rate charged 27.52
0.47
1.251.25
19.136.25
Valyou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.92
0.75
Percentage difference between market reference rate 27.71 and exchange rate charged 27.50
0.75
1.531.53
23.417.65
Valyou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
12.003.92
0.75
Percentage difference between market reference rate 27.71 and exchange rate charged 27.50
0.75
1.531.53
23.417.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
0.82
Percentage difference between market reference rate 27.76 and exchange rate charged 27.54
0.82
1.471.47
22.497.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.003.27
1.52
Percentage difference between market reference rate 27.76 and exchange rate charged 27.34
1.52
2.172.17
33.2010.85
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
27.579.01
0.03
Percentage difference between market reference rate 27.75 and exchange rate charged 27.74
0.03
1.831.83
28.009.15
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.001.63
1.55
Percentage difference between market reference rate 27.78 and exchange rate charged 27.35
1.55
1.881.88
28.769.40
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.63
1.55
Percentage difference between market reference rate 27.78 and exchange rate charged 27.35
1.55
1.881.88
28.769.40
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
1.15
Percentage difference between market reference rate 27.78 and exchange rate charged 27.46
1.15
1.151.15
17.605.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.001.63
1.55
Percentage difference between market reference rate 27.78 and exchange rate charged 27.35
1.55
1.881.88
28.769.40
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
5.001.63
1.55
Percentage difference between market reference rate 27.78 and exchange rate charged 27.35
1.55
1.881.88
28.769.40
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
1.15
Percentage difference between market reference rate 27.78 and exchange rate charged 27.46
1.15
1.151.15
17.605.75
Total Average First Quarter
1.611.61
Total Average Fourth Quarter 2023
1.711.71
Total Average
Fee
9.293.03
Exchange Rate Margin (%)
1.011.01
Total Cost Percent (%)
1.611.61
Total Cost (MYR) Total Cost (USD)
24.698.07
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day
Bank account Cash Mobile wallet